KT&G Donates 250 Million KRW to Support Youth Preparing for Independence

Shim Young-ah, Head of KT&G Social Contribution Office (left), and Kwon Chan, Secretary General of the Beautiful Foundation (right), are taking a commemorative photo after the handover ceremony.

[Asia Economy Reporter Lim Hye-sun] KT&G announced on the 20th that it held a donation ceremony at the Beautiful Foundation conference room located in Jongno-gu, Seoul, to support youth preparing for independence, and donated 250 million won.

Youth preparing for independence refers to young people who have lived in child care facilities or foster families due to the absence of guardians and are excluded from facility protection upon turning 18. According to government statistics released in July last year, about 2,500 youths exit protection each year and begin economic self-reliance.

The donation will be used through the nonprofit public interest foundation Beautiful Foundation to provide economic foundations and emotional support activities for youth preparing for independence. KT&G plans to support necessary expenses such as education and self-development costs to offer these youths opportunities to grow into healthy members of society.

KT&G also plans to help psychological stability and emotional development by preparing educational programs such as cultural and artistic experience programs and mentoring for social skills improvement for youth preparing for independence.

The youth support project was prepared to commemorate the 20th anniversary of KT&G's privatization. KT&G plans to actively practice the management philosophy of a "company together" reflecting the meaning of growth and challenges over the past 20 years. To this end, starting with this support project, social contribution projects commemorating the 20th anniversary of privatization worth about 1 billion won will be carried out sequentially until the end of this year.

This content was produced with the assistance of AI translation services.